I had an unusual tax situation in 2019. (I sold $80,000 worth of stock and paid capital gains taxes on it) For tax year 2019 only, I didn't use TurboTax because I didn't trust my calculation of the cost basis of the stock.
As a result of that stock sale, my 2019 AGI was a bit more than $100,000. By everything I've read, I wasn't eligible for any stimulus payments in calendar year 2020. (and in fact, I didn't receive any)
My income was back to normal in 2020, about $62,000. Since I didn't have any stock sales to worry about, I went back to TurboTax. It's telling me I should get a Recovery Rebate Credit of $1,800. (I expect I *will* receive stimulus payment(s) this year once my 1040 is filed)
If my 2019 AGI was more than $99,000, aren't I ineligible for the Recovery Rebate Credit on my 2020 taxes? If I'm right about that, how do I tell TurboTax not to claim it?
Thanks!
